RIO Rio2 Limited New

Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces the results of voting at its Annual and Special General Meeting of Shareholders held on Thursday, June 25, 2020. A total of 110,971,161 common shares were voted, representing 61.04% of 181,807,452 shares issued and outstanding as at the record date of the meeting.

Shareholders voted in favor of all items put forward by the Board of Directors and management. All seven of the individuals nominated for the board of directors were elected as set out below:

	VOTES FOR	% VOTES FOR		VOTES WITHHELD	% VOTES WITHHELD/ABSTAIN
Klaus Zeitler	101,680,308	99.99%		7,622	0.01%
Alex Black	101,680,310	99.99%		7,620	0.01%
Ram Ramachandran	101,665,608	99.98%		22,322	0.02%
Albrecht Schneider	101,668,918	99.98%		19,012	0.02%
Sidney Robinson	101,679,518	99.99%		8,412	0.01%
Drago Kisic	101,670,400	99.98%		17,530	0.02%
David Thomas	101,673,710	99.99%		14,220	0.01%

Shareholders also voted in favor of (i) reappointing Grant Thornton LLP as auditors of the Company for the ensuing year and authorizing directors to fix their remuneration; and (ii) approving and ratifying the 2018 Rio2 Stock Option Plan.

The Company also wishes to announce that today it granted 3,850,000 incentive stock options (the “Stock Options”) to purchase Rio2 common shares to directors, officers, employees and consultants pursuant to Rio2’s Stock Option Plan. 

These Stock Options have an expiry date of June 26, 2025 and will vest as to 1/3 thereof on each of the first, second and third anniversaries of grant.  Each Stock Option entitles the holder to purchase one Rio2 common share at a price of $0.65 for a period of five years from the date of grant.

ABOUT RIO2 LIMITED Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital markets track record. Rio2 is focused on taking its Fenix Gold Project in Chile to production in the shortest possible timeframe based on a staged development strategy. In addition to the Fenix Gold Project in development in Chile, Rio2 Limited continues to pursue additional strategic acquisitions where it can deploy its operational excellence and responsible mining practices to build a multi-asset, multi-jurisdiction, precious metals company focused in the Americas.

To learn more about Rio2 Limited, please visit: www.rio2.com or Rio2's SEDAR profile at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF RIO2 LIMITED

Alex BlackPresident, CEO & Director

Tel: +1 (604) 260-2696Email: info@rio2.com 

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